IN FOCUS: UQM AND THE RECENTLY ANNOUNCED STRATEGIC ALLIANCE WITH MERITOR TO DEVELOP FULL ELECTRIC E-AXLES SYSTEMS.The alphaDIRECT Insight
We remain bullish on the long-term prospects of the global EV market driven by declining battery prices, tighter emissions standards and improved performance. We believe UQM remains a technology leader in this market as evidenced by the recent announcement with Meritor, which is the focus of this report. Specifically, the revolutionary E-axle technology allows customers to benefit from integrated solutions that should lead to meaningful cost savings, improve on component packaging requirements and improved vehicle performance long term. Furthermore, the relationship with Meritor should bring a strong global presence and established sales infrastructure to the table and help facilitate relationships with major commercial vehicle manufacturers around the world.